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<xml>
<title>Illinois General Assembly - Bill Status for HB 1967         </title>
<shortdesc>DCEO-VARIOUS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Mark L. Walker</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>20 ILCS 605/605-470 new</reference><aliasreference></aliasreference><reference>20 ILCS 655/5.4</reference><aliasreference>from Ch. 67 1/2, par. 609</aliasreference><reference>20 ILCS 655/8.1</reference><aliasreference></aliasreference><reference>30 ILCS 265/10</reference><aliasreference></aliasreference><reference>30 ILCS 265/11</reference><aliasreference></aliasreference><reference>30 ILCS 265/20</reference><aliasreference></aliasreference><reference>35 ILCS 5/220</reference><aliasreference></aliasreference><reference>35 ILCS 5/232 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Provides that the Department of Commerce and Economic Opportunity shall provide on its website a central repository for new and existing businesses with specified business-related content. Amends the Illinois Enterprise Zone Act. Contains provisions concerning certification and decertification of Enterprise Zones. Amends the Illinois Income Tax Act. Makes changes concerning the angel investment credit. Provides for a credit for taxpayers who hire full-time employees to fill positions at a location in a county with fewer than 250,000 inhabitants. Amends the Technology Development Act. Removes a provision limiting investment in funds created by an Illinois venture capital firm. Provides that distributions from a TDA II-Recipient Fund, in an amount not to exceed the commitment amount and total distributions received, may be reinvested into a specified account without being counted against the 5% cap. Provides that specified moneys in the Technology Development Fund may be provided as grants to technology businesses in order to foster, accelerate, and scale technology innovation in Illinois. Modifies the term "technology business" to expand the meaning of technology oriented or emerging activity. Makes conforming changes. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2021</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Mark L. Walker</action>
<statusdate>2/17/2021</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/17/2021</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/9/2021</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/18/2021</statusdate><chamber>House</chamber><action>To Income Tax Subcommittee</action>
<statusdate>3/22/2021</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Mark L. Walker</action>
<statusdate>3/22/2021</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/23/2021</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/27/2021</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>3/27/2021</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee</action>
<statusdate>1/10/2023</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

